Tandy Leather Factory (NASDAQ:TLF) Announces Earnings Results

Tandy Leather Factory (NASDAQ:TLF) released its earnings results on Tuesday. The textile maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), FiscalAI reports. The business had revenue of $18.52 million for the quarter, compared to analyst estimates of $23.89 million. Tandy Leather Factory had a negative return on equity of 3.31% and a negative net margin of 2.14%.

Tandy Leather Factory Trading Down 1.9%

Shares of NASDAQ:TLF traded down $0.04 during mid-day trading on Tuesday, reaching $2.08. The stock had a trading volume of 62,120 shares, compared to its average volume of 34,401. The firm has a market cap of $17.04 million, a PE ratio of -12.23 and a beta of 0.60. The firm has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.47. Tandy Leather Factory has a twelve month low of $1.77 and a twelve month high of $3.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tandy Leather Factory in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Tandy Leather Factory presently has a consensus rating of “Sell”.

About Tandy Leather Factory

Tandy Leather Factory, Inc. is a specialty retailer and distributor of leathercraft supplies. The company serves hobbyists, artisans, small businesses and other customers who create or repair leather goods. Its products include leather hides and sides, leatherworking tools, hardware, dyes, finishes, lacing, adhesives, kits and related craft materials. Tandy also provides instructional resources and project-oriented supplies designed for customers with a range of experience levels. Founded in 1919, the company has operated through a network of retail stores and direct-to-consumer channels, including its online platform and catalog operations.